Market Infrastructure

Fintech / Regtech

PBOC Vows to Fill Gaps in FinTech Regulation

By Mark Johnston | 14/10/2021

Governor Yi Gang says the PBOC will continue to strengthen its supervision of fintech companies, while also improving policy transparency and predictability.

Market Infrastructure

Sri Lanka Cabinet Approves Data Protection Bill

By Duruthu E Chandrasekera | 14/10/2021

Data controllers must ensure the security and confidentiality of personal data. The rights of data subjects will be enhanced. Cross-border transfers are allowed.

AML / KYC

RBI to Allow Foreign Banks to Store Limited Data Overseas

By Editors | 14/10/2021

Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.

Crypto / Digital Assets

China Names Crypto Mining as Prohibited Activity on ‘Negative List’

By Sanday Chongo Kabange | 14/10/2021

China’s latest ‘negative list’ removes six industries, while introducing new restrictions for the media, finance and cryptocurrency sectors.

Market Infrastructure

Cross-border Payments Roadmap Remains Firmly on Track: FSB

By Editors | 14/10/2021

The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.

Fintech / Regtech

G7 Ministers to Endorse Guiding Principles for CBDC – Report

By Editors | 13/10/2021

The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.

ESG / Sustainability

HK Regulators Offer Support for New Climate Action Plan

By Manesh Samtani | 13/10/2021

The Green and Sustainable Finance Cross-Agency Steering Group pledges support for the government’s Climate Action Plan 2050.

Market Infrastructure

EBA Clearing, SWIFT, TCH Collaborate on Cross-Border Payments

By Mark Johnston | 12/10/2021

A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.

Market Infrastructure

Sri Lanka: CBSL Collaborates with Industry on Inward Remittances

By Duruthu E Chandrasekera | 12/10/2021

The central bank is working with banks, mobile operators, and government agencies to launch a new mobile app for inward remittances.